Word: plugged
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...belief that prices, no matter how high already, could only go higher. This has ballooned inflation to an annual rate of more than 18%. But in the middle of March, according to Alan Greenspan, chairman of the Council of Economic Advisers under Gerald Ford, "somebody pulled the plug on the economy." The somebody was Federal Reserve Chairman Paul A. Volcker, who has been working steadily since last August to get control of the growth of money by raising interest rates. The head of the nation's central bank made it clear that he was ready to risk a serious...
...ABLE TO KEEP up an oppressive system you have to plug up the loopholes," Aggrey Klaaste, Nieman Fellow says. As news editor of one of South Africa's three Black papers, the Johannesburg Post, Klaaste's job is finding the holes the government hasn't closed. With the barrage of legislation restricting press freedom, it is a difficult and dangerous assignment. For Klaaste it has also become a mission...
...flow from the damaged car slowed shortly after 1 p.m., after the level of liquid in the tank fell below the gash. Workers also attempted to plug the leak with insulation material...
...Boudreaux and his staff plug ahead, hoping to reach whomever they...
...really scary. This inflation thing is frightening because we do not know what causes it, or what to do about it. The economists go to their computers, plug in the data,' and out comes information that says that nothing like this should be happening. It's very, very scary stuff...